Chestnut Hill Business District Extension Wins Council Approval for Continued Revitalization Efforts

Official:Continuing the Chestnut Hill Business Improvement District beyond the date of termination of the district in the area that generally includes both sides of Germantown Avenue from 7640 to 8705, both sides of Bethlehem Pike from 10 to 105 and certain blocks of streets that intersect that portion of Germantown Avenue, and for which Chestnut Hill Business Improvement District, Inc., a Pennsylvania nonprofit corporation, serves as the neighborhood improvement district management association for the District; approving a plan for the District, including a list of proposed improvements and their estimated cost, and providing for assessment fees to be levied on property owners within the District; authorizing the Director of Commerce, on behalf of the City, to execute an agreement with Chestnut Hill Business Improvement District, Inc. relating to the District; and authorizing Chestnut Hill Business Improvement District, Inc. to assess property owners within the District a special property assessment fee to be used in accordance with the approved plan; all in accordance with the provisions of the Community and Economic Improvement Act, and under certain terms and conditions.